Overview

Parenteral Packaging Market Introduction

Parenteral packaging market is predicted to value over US$ 19 billion by the end of 2027 and expand at a CAGR of over 11.1% during the forecast period of 2020-2027.

Parenteral dosage forms are injected directly into body tissue through the primary protective system of the human body, the skin and the mucous membranes. These dosage forms must free from all foreign contaminants.In this point of view, parenteral packaging has a role in pharmaceutical packaging techniques. Parenteral formulations are packaged in containers made of glass, plastic, which includes ampoules, bottles, vials and syringes etc, after packaging need to ensure the activity of drug product with packaging material. The parenteral packaging offers greater stability, the efficiency of the drug, product as well as end-user safety.

The packaging material is an integral part of pharmaceutical products. Packaging is intended to protect the product from the external environment. Containments impact the stability of the drug and can affect the health of patients. Rising demand for parenteral packaging to increase the protection of drugs led to robust growth of the Parenteral Packaging market. Parenteral packaging is used to retain the quality of the formulation. Further changing regulatory scenarios to prevent the drug contamination led to robust growth of the market. Additionally, the rapid advancement of technologies led to developed of the fully automated process of manufacturing. All these factors led to the potential growth of market.

The Asia Pacific and Latin America regions created to potential opportunistic space for manufacturers due to a large number of pharmaceutical manufacturers in these regions. They are expected to witness the highest growth rate in global Parenteral Packaging. North America and Europe parenteral packaging market expected to remain dominant throughout the forecast period. Rest of the world is expected to account significant share in global parenteral packaging market due to increasing adoption.

Major market players include Becton, Dickinson and Company, Amcor, Daibochi Plastic, Charter Nex Films, Catalent, Inc, Celplast Metallized Products, UDG Healthcare plc, Prairie State Group, Gerresheimer AG, Schur Flexibles Group and others. Manufacturers are more focused on organic growth through expansions and collaboration to remain dominant in the global parenteral packaging market.

Global Parenteral Packaging Market

Parenteral Packaging Market Segmentation:

By Product Type

Bags
Bottles
Ampoules
Vials
Prefilled syringes
Cartridges

By Material

Glass
Polymer
PVC
Polyolefin

By Region

Europe
North America
APAC
Latin America
Rest of World

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

FutureWise Takeaways

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the global parenteral packaging market, by product type, on the basis of material, and region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and an overall market
To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies